Will Thailand adopt a digital wallet system?

When people think of Dystopian futures, more often than not they picture people with Bar codes printed on their hands and foreheads, or any other parts of the body where such things might go. In science fiction these Bar codes are usually used for things like keeping track of civilians whereabouts, processing information and financial transactions. Society isn’t quite at this stage just yet, even though the capabilities are there, but it seems we might be in for something similar soon, hopefully not as terrifying.

In recent years, cash has been phased out, replaced in many areas with online banking and other types of electronic transactions. In Thailand, these types of payments have not been as prevalent as in other countries but things might change soon. This year will mark a significant change in Thailand’s mobile payment and digital wallet system. As in most countries, a digital lifestyle is being encouraged in Thai society. With smart phones being ubiquitous, more service providers becoming available and more solid telecommunication infrastructures being put in place, Thailand is set to increase its online transactions.

The Government is getting on board by promoting e-commerce across the country. A scheme has already been put in place to make it so that Thai citizens can use their ID cards to make and receive payments, meaning they won’t even need to have a bank account. This plan is due to reach completion in June this year, so it seems Thailand is well on the way to becoming a cash-free society.

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